U.S. Steel, Nippon Steel sue Biden administration over blocked deal
3:03
CBS News
U.S. Steel, Nippon Steel sue Biden administration over blocked deal
U.S. Steel and Nippon Steel have filed lawsuits against the Biden admin. after the president blocked their $15 billion acquisition deal. CBS MoneyWatch correspondent Kelly O'Grady has more.
Jan 6, 2025
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U.S. Steel and Nippon Steel sue Biden administration
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U.S. Steel and Nippon Steel sue Biden administration
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US President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit https://reut.rs/4a86Ig1 | Reuters
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US President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit https://reut.rs/4a86Ig1 | Reuters
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U.S. Steel and Nippon Steel sue Biden administration
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U.S. Steel and Nippon Steel sue Biden administration
Jan 6, 2025
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US President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit https://reut.rs/4a86Ig1 | Reuters
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US President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit https://reut.rs/4a86Ig1 | Reuters
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Nippon Steel and US Steel sue Biden administration, USW and Cleveland-Cliffs over blocked merger deal
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Nippon Steel and US Steel sue Biden administration, USW and Cleveland-Cliffs over blocked merger deal
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Breaking down the Nippon and U.S. Steel lawsuit against Biden administration
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CBS News
Nippon Steel and US Steel sue Biden administration over blocked merger
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Nippon Steel and US Steel sue Biden administration over blocked merger
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US Steel, Nippon sue Biden Administration over blocked acquisition
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US Steel, Nippon sue Biden Administration over blocked acquisition
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US Steel and Nippon Steel sue Biden administration over blocked merger
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President Joe Biden on Friday officially blocked the takeover of U.S. Steel by Japan's Nippon Steel, making good on his promise to keep an industrial name that is more than a century old under domestic ownership. Biden said the proposed $14.9 billion acquisition by Nippon would place one of the largest steel producers in the U.S. under foreign control, creating a risk for the nation's critical supply chains. Read more: cnb.cx/3W8hH3h | CNBC
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